Examlex
The standard deviation is a measure of central tendency.
Great Depression
A severe and prolonged global economic downturn that occurred in the 1930s, marked by massive unemployment and deflation.
Laissez-Faire
The philosophy that the private economy should function without any government interference.
Classical Theory
An economic theory proposing that free markets can regulate themselves through the relationship of supply and demand without government intervention.
Interest Rate
The percentage charged on a sum of money borrowed or earned on a sum of money invested, typically expressed as an annual percentage rate.
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